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Angela Chao Blog

~ International Shipping and Transportation

Angela Chao Blog

Tag Archives: dry bulk shipping market

Will Panamax and Capesize Coal Shipments Rise or fall? The Answer May Lie with China’s New Coal Restrictions

03 Wednesday Dec 2014

Posted by Angela Chao in Dry bulk shipping

≈ 4 Comments

Tags

Australia, China coal trade, Chinese economy, coal imports, coal trade, dry bulk shipping market, energy consumption, Indonesia, low-quality coal, thermal coal

Panamax container ship

There would be a significant upside for the coal trade and demand for Capesize and Panamax shipments

China has been and remains a significant player in the dry bulk shipping market, especially in coal trade. It is the largest importer and producer of thermal coal. Australia and Indonesia are the primary providers of coal to China, contributing roughly 70% of its total 2014 thermal coal imports.

The Chinese economy has been growing steadily at an annualized rate of roughly 6-7% so far. The strong economy means new construction, jobs, improved health and population growth, etc. – all of which increases energy consumption. An improved standard of living also spurs calls for environmental protection, and to this end the Chinese government has created a number of new restrictions for coal production and consumption designed to clean up the air. How these new restrictions are implemented will impact the future of coal imports and exports, and by extension the dry bulk shipping market.

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Global dry bulk shipping market on the upswing

23 Thursday Jan 2014

Posted by Angela Chao in Dry bulk shipping

≈ 1 Comment

Tags

dry bulk shipping, dry bulk shipping market, International Monetary Fund, South African coal shipping

A lackluster performance in the dry bulk shipping market in the early quarters of 2013 precipitated a gloomy forecast by the International Monetary Fund (IMF). Now, many predict that a significant improvement in the final quarter of the year is expected to produce a much more optimistic forecast for global growth from IMF economists. For instance, the South African coal shipping market strengthened considerably. A record of 70 million tons of coal was shipped out of Richards Bay Coal Terminal, topping 2012 shipments of 68.3 million tons. Australia’s iron ore shipments finished out the year at 317.9 million tons, up considerably from 2012’s total of 249.7 million tons.

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About Me

Angela Chao
Chairman and C.E.O. of Foremost Group, a leading shipping and trading enterprise, Angela Chao is an active businesswoman who serves on several boards and loves to volunteer. Angela comes from a loving and supportive family of Chinese descent. The Chao family dedicate themselves to serving and contributing to society.

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Recent Posts

  • A Review of Dry Bulk Shipping Performance and Its Challenges in 2016
  • Several Indicators Point to Long-Term Recovery in Capesize Market
  • Is Obsession with Brexit Creating a Blind-spot for Economists?
  • Angela Chao’s Mixed Bag of News for the Dry Bulk Shipping Industry
  • Consolidations in China’s Steelmaking Industry are Healthy and Necessary

Categories

  • Baltic Dry Index
  • Dry bulk shipping
  • Shipping Events

Tags

Baltic Capesize Index BDI Capesize rates China Chinese economy coal imports coal shipping Crude Oil Dalian Commodity Exchange dry bulk market dry bulk shipping dry bulk shipping market freight rates iron ore Iron ore prices iron ore shipping Iron ore shipping vessels shipping industry steel steel industry

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